# Mile Square (Downtown) vs other Indianapolis submarkets

> Mile Square (Downtown) (trophy, ~$32/sqft/yr) is one of 5 Indianapolis Class A submarkets we track.

**Canonical URL:** https://classa.info/cities/indianapolis/mile-square/topics/vs-other-submarkets
**Page type:** nb-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Mile Square (Downtown) sits at trophy tier.
- Average rent $32/sqft/yr vs city average 26.
- Compared submarkets: Mass Ave / Bottleworks (prime), Carmel (trophy), Fishers (prime).

## Key facts
- **city**: Indianapolis
- **submarket**: Mile Square (Downtown)
- **tier**: trophy
- **averageRentLocal**: $32/sqft/yr
- **cityClassARentUsd**: $26/sqft/yr
- **cityVacancyPct**: 19.2%

## FAQ
### What other submarkets compete with Mile Square (Downtown) in Indianapolis?
Mass Ave / Bottleworks, Carmel, Fishers

---
Citation: Source: Class A Atlas (https://classa.info/cities/indianapolis/mile-square/topics/vs-other-submarkets), updated 2026-04-15T00:00:00.000Z.